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AN ACT
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relating to a membership interest in a limited liability company |
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subject to a charging order. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 101.112, Business Organizations Code, is |
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amended by adding Subsection (g) to read as follows: |
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(g) This section applies to both single-member limited |
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liability companies and multiple-member limited liability |
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companies. |
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SECTION 2. The change in law made by this Act is intended |
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only to clarify existing law with respect to the applicability of |
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charging orders to limited liability companies. |
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SECTION 3. This Act takes effect September 1, 2023. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 2314 passed the Senate on |
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May 3, 2023, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 2314 passed the House on |
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May 24, 2023, by the following vote: Yeas 134, Nays 4, one |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |